Scottish Widows Investment Partnership, the asset management arm of Lloyds, is shutting down a string of its regional investment desks with the loss of half its 38-strong management team, according to reports.
The move comes as part of a major reorganisation of its £54bn equities business, with some strategies shifting from an active to a passive investment approach driven by quant models. The Times reports...
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.